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EARNINGS PER SHARE
 3 Months Ended
Mar. 31, 2013
EARNINGS PER SHARE  
EARNINGS PER SHARE

14.                            EARNINGS PER SHARE

 

A reconciliation of the weighted-average shares used in the basic and diluted earnings per common share computations is presented below:

 

 

 

Three-Months Ended
March 31,

 

 

 

2013

 

2012

 

Weighted-average shares outstanding:

 

 

 

 

 

Basic

 

165,525

 

174,832

 

Dilutive securities

 

7,034

 

10,430

 

Diluted

 

172,559

 

185,262

 

 

For the three-months ended March 31, 2013 and 2012, options outstanding totaling 0.8 million and 0.2 million shares, respectively, were excluded from the calculations as their effect would have been antidilutive.